Check the background of an investment professional on FINRA’s BrokerCheck
|Charles A. Warden||Founder & Chairman, Mid Atlantic Capital Group & Director, EdgeCo Holdings|
|Paul Schneider||CEO, Mid Atlantic Capital Group, Inc.|
|Timothy Friday||Institutional Services Group CEO and President, Mid Atlantic Trust Company|
|David J. Down||Wealth Management Services Group CEO and President, Mid Atlantic Capital Corporation|
|Scott Baer||Vice President of Trading|
|Joseph F. Banco, Jr.||CFO, Mid Atlantic Capital Group, Inc.|
|David Brennen||Vice President, Compliance – Pittsburgh|
|Michele A. Coletti||Group Chief Operating Officer, Trust & Custody|
|Bob Drelick||CIO, Chief Information Officer|
|Sarah Fong||Vice President, Compliance – Sacramento|
|Charles W. Friday, Jr.||Executive Vice President, Bank Mutual Fund Sales|
|Gretchen A. Friday||Senior Vice President, Trust Operations|
|William H. Jenkins||Chief Compliance Officer, MACSC and Vice President Compliance – Pittsburgh|
|Mark Kovach||Vice President, Software Development|
|Lee Jones||Vice President, Trust and Custody|
|Dan Leman||CTO, Mid Atlantic Capital Group, Inc.|
|Alex Meyers||Vice President, Advisor Group Transition Manager and Relationship Manager|
|Nicole O’Connell||Vice President, Custody Asset Movement & Control|
|Paul Schwerer||Vice President, Trading Risk Management|
|Jean Sesler||Senior Vice President and Manager, Wealth Management Services|
|Jeff Shaver||Vice President, Project Management Office|
|Kyle P. Smith||Senior Vice President and Manager, Advisor Services Group|
|Erin Fischer Timmerman||Vice President and General Counsel|
|Nicholas B. Ventura||Vice President, Trust Trading and Brokerage|
|Steve Warden||Vice President of Relationship Management & Internal Sales Development|
|Bill Woods||Vice President and Director of Research|
Charles A. Warden
Founder & Chairman, Mid Atlantic Capital Group & Director, EdgeCo Holdings
Mr. Warden formed the various companies that have now become Mid Atlantic Capital Group, Inc. and its affiliates. In 1990, Mr. Warden founded Pennsylvania Capital bank (now part of Huntington Bancshares). In 1995 he co-founded Mid Atlantic Institutional Shares, which grew to one of the nation’s largest money fund networks and mutual fund trading platforms and was acquired by Sungard. Mr. Warden was co-founder of Mid Atlantic Financial Platforms which has become part of Mid Atlantic Trust Company.
Mr. Warden holds a B.S. in Engineering from the University of Pittsburgh, and an M.B.A. from the Joseph M. Katz Graduate School of Business at the University of Pittsburgh.
CEO, Mid Atlantic Capital Group, Inc.
Mr. Schneider built solutions for the financial industry for over 20 years. He started as a software tester with the financial technology firm, SunGard Data Systems in 1989. Paul’s distinct ability to identify opportunities, deliver timely solutions, and create value for his clients propelled him through multiple positions within SunGard. By the time he left 15 years later, he had risen to one of the top executive positions in this S&P 500 company as Group CEO of SunGard Financial Networks.
In 2004, Paul helped form Mid Atlantic Financial Platforms, Inc., which today is known as Mid Atlantic Capital Group, Inc. This company brought a new level of sophistication in trading and custody services for third party administrators’ and registered investment advisors’ clientele. Its offering principally includes innovative trading, directed trustee, custody, sub-custody, paying agent, and reporting services for the retirement and wealth management space. Under Mr. Schneider’s hands-on leadership, Mid Atlantic has successfully developed and deployed pioneering financial products such as the TNS technology & custody platform, ModelxChange®, ETFxChange®, DepositxChange®TM, and others.
Paul now serves as CEO of Mid Atlantic’s parent company, and on the executive committee of its board as well as the boards of its various operating subsidiaries.
Institutional Services Group CEO and President, Mid Atlantic Trust Company
Tim has been in the financial services industry since he graduated from John Carroll University, Cleveland, OH in 1984.
His career began with Federated Investors, Inc. where he worked with banks, savings and loans, and trust departments representing asset management and trust investment services. From there, he spent time with Mellon Bank in the global cash management division where he consulted for Fortune 500 companies in New York and Connecticut.
Tim also held various management positions with the Federal Home Loan Bank and Bisys Fund Services where he concentrated on raising bank capital and lending services as well as product management and delivery of investment products to the institutional buy-side of the street.
In 1995, he co-founded Mid Atlantic Institutional Shares, Inc. (“MAIS”) where he was president and CEO. MAIS quickly became one of the most prominent trading platforms in the nation, focusing on the TPA, corporate, and trust department marketplace. It grew to over $30 billion in client assets under administration. In November 2002, Mid Atlantic Institutional Shares, Inc. was sold to SunGard and combined its product and services with SunGard’s STN Funds where Tim then served as president.
In 2004 Tim, along with several other key industry figures, developed a company that has become Mid Atlantic Trust Company (“MATC”). This company was designed to complement the services MAIS had offered to its TPA and trust clientele. It currently offers directed trustee, custody, sub-custody, paying agent, and reporting services for the retirement and trust space.
Tim now serves on the executive committee of the Mid Atlantic companies and as president of Mid Atlantic Trust Company and is concentrating his efforts on the institutional and retirement plan administration marketplaces and advisor recruiting.
David J. Down
Wealth Management Services Group CEO and President, Mid Atlantic Capital Corporation
Mr. Down is the Wealth Management Services Group CEO. He also serves as president and a director of Mid Atlantic Financial Management, Inc.- a registered investment advisor, Mid Atlantic Capital Corporation and Mid Atlantic Clearing & Settlement Corporation– both FINRA registered broker-dealers. From 1997 to 2018 he served as President and board member of Mid Atlantic Capital Group. He has been with the company since 1987. From 1997 to 2004 he served as the executive in charge of the asset management division, where he was responsible for research, development of proprietary investment programs, financial analysis, client reporting and operations and trading supervision. He also serves on the board of directors of Mid Atlantic Trust Company, First Mercantile Trust Company, and LPA Insurance Agency, Inc. Mr. Down is also President of Stonehaven Capital Management, LLC.
He earned his Bachelor of Arts degree in Economics and Business (dual major) from the University of Pittsburgh. He earned his Master’s degree in Business Administration (with an emphasis in finance) from the University of Miami. He is a licensed representative, principal and options principal with the Financial Industry Regulatory Authority and an associated person of the Registered Investment Advisor.
Charles W. Friday, Jr.
Executive Vice President, Bank Mutual Fund Sales
Charlie has been in the financial services industry since graduating from Lehigh University in 1994. He began his career at Ameriprise Financial and several years later joined Mid Atlantic Institutional Shares, Inc. (“MAIS”) where he was a shareholder and responsible for sales of MAIS’s institutional money market and mutual fund brokerage services.
MAIS grew to over $30 billion in client assets under administration and was acquired by Sungard in October of 2002, after which time Charlie worked in treasury management sales at Sungard, until co-founding Institutional Trading Services, LLC (“ITS”) in 2005. Since its founding, ITS provided electronic trading and execution services for equity and fixed income securities, primarily for bank trust wealth management groups and asset managers around the country.
ITS was acquired by Mid Atlantic Capital Group, Inc. in May of 2015. Charlie joined Mid Atlantic Capital Group, Inc. as a shareholder and now serves as a general securities principal and Executive Vice President of Mid Atlantic Capital Corporation, in charge of sales and relationship management for its trust and asset management brokerage customers.
Charlie received his Bachelor of Science degree in Finance from Lehigh University in 1994. He holds the Series 7, 24, 53, 63, 79, and 99 securities licenses.
Michele A. Coletti
Group Chief Operating Officer, Trust & Custody
Michele Coletti joined Mid Atlantic in 2008 and serves as Group Chief Operating Officer, Trust & Custody. She has over 25 years of experience in the retirement plan industry in various roles encompassing the recordkeeping, compliance, and trading of qualified and non-qualified plans. In her role, she spearheads new solutions for Mid Atlantic’s open architecture platform providing custody and clearing support to intermediary partners and outside dealers. Ms. Coletti also manages the Mutual Fund Services team responsible for negotiation of mutual fund selling and servicing agreements, fee and commission invoicing and collection, dealer compensation solutions, and fund compliance. In 2017, Michele assumed oversight duties of Mid Atlantic’s enterprise risk management functions and also the recently formed Home Office Services division, which provides a variety of compliance and processing based solutions primarily to the large broker-dealer marketplace.
Prior to joining Mid Atlantic, Ms. Coletti spent 13 years with SunGard managing key vendor relationships and initiatives. She is a member of the Investment Company Institute’s Bank, Trust, and Recordkeeping Advisory Committee (BTRAC). A summa cum laude graduate of St. Bonaventure University, Ms. Coletti also holds the Certified Employee Benefit Specialist (CEBS) designation from IFEBP and the Wharton School as well as the Qualified 401(k) Administrator designation (QKA) from the American Retirement Association (ASPPA).
Joseph F. Banco, Jr.
CFO, Mid Atlantic Capital Group, Inc.
Mr. Banco is the Chief Financial Officer and Secretary/Treasurer of the Mid Atlantic Group of companies. He also serves on the board of directors of Mid Atlantic Capital Group, Inc., as well as its three primary operating subsidiaries, Mid Atlantic Financial Management, Inc.- a registered investment advisor, Mid Atlantic Capital Corporation – a FINRA registered broker-dealer and Mid Atlantic Trust Company – a South Dakota non-depository trust company Mr. Banco joined Mid Atlantic in 1996; he is responsible for the supervision of the finance and accounting functions, as well as all financial regulatory reporting. He serves as the Financial Operations Principal of the broker-dealer. Prior to joining Mid Atlantic, Mr. Banco was a manager in the audit division of Arthur Andersen LLP.
Mr. Banco received a Bachelor of Business Administration degree in Accounting from Wheeling Jesuit College in 1988 and is also a member of the American Institute of Certified Public Accountants.
CTO, Mid Atlantic Capital Group, Inc.
Dan joined Mid Atlantic in 2006 and currently serves at its Chief Technology Officer, In which capacity he oversees the software development, technology infrastructure, and development project management teams. His groupis responsible for designing, building and operating Mid Atlantic’s best of breed financial technology applications, as well as its cybersecurity functions.
Dan has been developing software for over 20 years. Prior to joining Mid Atlantic, Dan spent 15 years with SunGard developing applications for the financial industry. While at Sungard, he was the lead developer and then product manager for the SunGard Transaction Network FIX equity trading network. Prior to that, he worked for an enterprise business management solutions company and was a partner in an IT consulting company start up.
Dan received his B.A. from the University of Illinois Chicago. He is a Registered Representative of the broker-dealer and holds the Series 99 Operations Professional securities license.
Chief Information Officer
Bob Drelick has over 25 years experience within Information Technology serving Financial Services, Outsourcing, and Healthcare companies. A majority of this experience has been within rapid-growth organizations where new product/system development and integrations, infrastructure reengineering, acquisition integration, datacenter relocations, client implementation and conversions were simultaneously completed under his direction.
Mr. Drelick was a key leader in several organizations that have built new infrastructures by consolidating acquisitions, joint venture partner’s, and business units redundant products, applications, systems, and networks designed to reduce cost, evolve infrastructure, improve service levels, expand existing products and services and introduce new innovative offerings and technology.
Erin Fischer Timmerman
Vice President and General Counsel
As Mid Atlantic’s General Counsel, Erin advises the company on a broad range of legal issues. Prior to joining Mid Atlantic, Erin was a commercial litigator with an international law firm, out of its Pittsburgh office. She was named a Rising Star as part of the Pennsylvania Super Lawyers awards and to Pittsburgh Magazine’s 40 under 40.
Also dedicated to her community, Erin is on the Board of Our Clubhouse, a support organization for families touched by cancer, and a mentor through Notre Dame Law School’s career office.
Erin graduated from the University of Notre Dame with a B.A. in Political Science and French, magna cum laude, and then again from Notre Dame with a J.D. While in college, she received a diploma for high French proficiency from L’Université Catholique de l’Ouest in France and, during law school, she studied in London for a summer. She is also a graduate of the Trial Advocacy College at the University of Virginia School of Law.
Gretchen A. Friday
Senior Vice President, Trust Operations
Gretchen has been with Mid Atlantic since August 2004 and manages both trust operations and trust trading for Mid Atlantic. Gretchen has been in the financial services industry since her graduation from the University of Wisconsin-Milwaukee, summa cum laude, in 1981.
Prior to joining Mid Atlantic, Gretchen worked in the trust industry for 17 years. Career responsibilities included project management, conversions, reconciliation, point person for proprietary trust systems, and procedural and policy development. Ms. Friday was formerly a client service representative at Mellon Global Securities Services in the healthcare, foundations and endowments area (now BNY Mellon) and prior to that spent ten years at Federated Investors, Inc., in the institutional trust area.
Vice President, Compliance – Sacramento
Ms. Fong, formerly Principal Supervisor and Compliance Officer of London Pacific Securities (“LPS”), joined Mid Atlantic in 2004 when Mid Atlantic Capital Group acquired the assets of LPS. She is the firm’s Compliance Officer.
Ms. Fong has over 20 years of experience in the financial services business. She was with LPS since 2000. She worked for CalFed Investments (now Citigroup) before joining LPS.
She attended the Hong Kong Polytechnic in Hong Kong where she received a certificate in Advanced Accounting from the London Chamber of Commerce. She is a Registered Representative and Principal of the broker-dealer. Ms. Fong also serves as the firm’s Municipal Securities Principal and Options Principal. She holds the Series 4, 6, 7, 24, 53, 55, 63, 65 and 79 securities licenses and is licensed for the sale of fixed and variable insurance contracts.
William H. Jenkins
Chief Compliance Officer for MACSC and Vice President Compliance – Pittsburgh
Bill joined Mid Atlantic in 2008 and currently serves as a Chief Compliance Officer for MACSC and Vice President of Compliance. Bill has spent the last 17 years in the financial services industry. Prior to joining Mid Atlantic, Bill held positions at Prudential Financial as an agent and PNC Investments as a Brokerage Service rep, Customer Service rep and as a Trader.
Bill received his Bachelor of Arts Degree from the University of Pittsburgh in 1988. He is a Registered Representative of the broker-dealer and holds the Series 6, 7, 24, 63, 65, 79 and 99 securities licenses. He is also the current Vice President of the Greater Pittsburgh Compliance Roundtable, a professional organization consisting of Compliance Officers from various Western Pennsylvania financial service firms.
Senior Vice President and Manager, Wealth Management Services
Ms. Sesler has been with Mid Atlantic since 2003 and is Manager of the Wealth Management Services Group. In this capacity, Ms. Sesler is responsible for overseeing retail brokerage operations, new account opening and maintenance, business process management functions, and day-to-day support of the Mid Atlantic advisor community.
Prior to joining Mid Atlantic, Ms. Sesler worked at Dreyfus Investment Services Corporation which supported the retail brokerage division of BNY Mellon (then Mellon Bank). She held various positions including Brokerage Operations Manager.
Ms. Sesler received her Bachelor of Science Degree in Business Administration from Robert Morris College in Pittsburgh PA. She is a Registered Representative of the broker-dealer and holds the Series 7, 24, 27 and 63 securities licenses.
Kyle P. Smith
Senior Vice President and Manager, Advisor Services Group
Mr. Smith oversees advisor services for Mid Atlantic, which includes investment management research, development and management of proprietary advisor facing programs and services, advisor support services and customer data management and reporting.
Mr. Smith rejoined Mid Atlantic in January 2005 after resigning in 2000 to serve as Chief Investment Officer of Longboat Capital Management. While at Longboat, Mr. Smith focused primarily on the firm’s hedge fund investment portfolios. Prior to Longboat, Mr. Smith served as a Vice President with MACG, in its product management area. Mr. Smith became licensed as a Certified Public Accountant while employed at the start of his career with the international accounting firm of Arthur Young.
Mr. Smith received his B.S. Degree in Business Administration and Accounting from the University of Pittsburgh in 1986. He is a Registered Representative of the broker-dealer and holds the Series 3, 7, 24 and 63 securities licenses.
Nicholas B. Ventura
Vice President, Trust Trading and Brokerage
Nick joined Mid Atlantic in 2008 and oversees the trust trading department. His team is responsible for monitoring and processing all trading and brokerage activity for clients along with new account verifications. In this capacity he also supervises the omnibus processing and trust unitization functions of Mid Atlantic.
Nick has spent the last 15 years in the financial services industry. Prior to joining Mid Atlantic, Nick started his career as a fund accountant with PFPC (now PNC Global Investment Servicing). From there, he joined SunGard where he was responsible for relationship management for an assigned set of mutual fund trading clients.
Nick received his Bachelor of Arts degree in Accounting from Washington and Jefferson College. He is also a Registered Representative of the broker-dealer and holds the Series 6, 63, and 99 securities licenses.
Vice President, Custody Asset Movement & Control
Nicole joined Mid Atlantic in 2004. Presently, Nicole serves as VP, Custody Asset Movement & Control, where she oversees her department’s cash movement activities via ACH, wire transfer, check and journal, as well as internal and customer automated cash processing functions initiated via Mid Atlantic’s TNS system. In addition, she oversees asset movement via ACATS, physical transfer, and DTCC transfer processes. As part of Mid Atlantic’s customer cash disbursement services, Nicole’s department oversees Federal and state tax withholding and reporting functions.
Nicole received her B.A. from University of Pittsburgh. She is also a Certified IRA Specialist.
William J. Woods
Vice President and Director of Research
Mr. Woods joined Mid Atlantic in 1997 and is a member of the product management work group. Bill is responsible for traditional and alternative manager search and selection while also spending time with advisors and clients reviewing portfolio allocations and preparing customized investment proposals. Prior to joining Mid Atlantic, Mr. Woods was a member of Mellon Financial Corporation’s Trust division.
Mr. Woods received his Bachelor of Arts degree in Finance from Saint Vincent College in 1994 and earned an MBA with a concentration in Finance from the John F. Donahue Graduate School of Business at Duquesne University. He is a Registered Representative of the broker-dealer and holds the Series 7 and 66 securities licenses.
Vice President Compliance
David joined Mid Atlantic in 2018 and currently services as the AML Officer and the Vice President of Compliance for the broker/dealer (MACC) and the Investment Advisor (MAFM). He has spent 25 plus years in the financial services industry. Prior to joining Mid Atlantic, David was the COO/Treasurer of a local Pittsburgh self-clearing broker/dealer, the VP and Compliance Officer of a large investment management firm, the Managing Director of the Control Room for the handling of material nonpublic information for a large global bank and most recently was the Managing Director of the Control Group at Charles Schwab in Chicago and San Francisco.
David received his B.S. Degree in Business Administration and Accounting from Robert Morris University in 1990 and became a Certified Public Accountant and a Certified Internal Auditor in 1992. He is a Registered Representative and Principal of the broker/dealer and holds the Series 7, 24 and 63.
Vice President, Software Development
Mark joined Mid Atlantic in 1999 directly after graduation from college and currently serves as VP of Software Development, where he oversees all software development for Wealth Management as well as Trust & Custody.
Upon joining Mid Atlantic, Mark handled trade processing, IT support and developed the first Cash Management system. In 2002, when Mid Atlantic Institutional Shares, Inc. (“MAIS”) was sold to Sungard, Mark stayed with Mid Atlantic and continued performing IT Support, network administration and application development. Over the next couple of years, Mark continued to grow the cash management application and in 2004 when Mid Atlantic Trust Company (“MATC”) formed, he began work on the Mid Atlantic Transaction Network System (TNS) platform including moving the cash management functionality into TNS.
In keeping up with MATC’s fast pace growth, Mark moved into a dedicated application development role in 2008, ultimately becoming manager of the development team in 2013.
Vice President Advisor Group Transition Manager and Relationship Manager
Alex joined Mid Atlantic in 2015 and currently serves as the company’s go-to person for our advisor group clientele. As both the Advisor Group Transition Manager as well as the Relationship Manager, she is responsible not only for on-boarding new advisor representatives but also for familiarizing them with all that Mid Atlantic has to offer to simplify their day-to-day processes. Alex strives to create an all-around positive experience for our advisor group clientele by ensuring all questions and concerns are addressed and resolved in a timely fashion.
Alex received her Bachelor of Arts degree in Finance from Duquesne University in Pittsburgh PA.
Vice President Trading Risk Management
Paul joined Mid Atlantic in 2001 and is responsible for overseeing all regulatory trade reporting for the broker dealer trading desk and internal oversight for high net worth client accounts. He also acts as the firm’s primary municipal bond principal and registered options principal.Prior to joining Mid Atlantic, Paul worked for Lehman Brothers, New York in the Equity Finance Division and Mellon Bank in the Securities Lending group.
Paul received his B.S. in Business Administration from Duquesne University and currently holds the FINRA Series 4, 7, 24, 52, 53 and 63 security licenses.
Vice President, Project Management Office
Jeff joined Mid Atlantic in 2014 and serves as Vice President, Project Management Office. His team manages development projects using an Agile approach, with a focus on leveraging technology to create high quality, easy to use products and tools and solutions for Mid Atlantic’s business partners and clients.
Prior to joining Mid Atlantic, Jeff worked as a Manager at ANSYS, where he led web-based projects and designed and developed web applications. Prior to that, he worked as a Technology Consultant at PwC.
Jeff holds a BS in Accounting from The Pennsylvania State University and an MBA from the Tepper School of Business at Carnegie Mellon University. He is a Registered Representative of the broker-dealer and holds the Series 99 Operations Professional securities license.
Vice President of Trading
Scott began his career in the finance industry in 1992 as a financial consultant. He began his Trading career in 1997 with Dreyfus Investment Services and was there three years when he accepted a Trader position with Mid Atlantic Capital Corp in early 2000. His Career at Mid Atlantic progressed into Sr. Equity Trader and onto Vice President where he now serves as Team Leader and manager of the MACC Trading Workgroup.
Scott earned his BA degree in finance in 1991 from Robert Morris College. He is a Registered Representative with Mid Atlantic Capital Corp. and holds the Series 7, 63, 55 and 24 licenses.
Vice President of Trust and Custody
Lee joined Mid Atlantic in 2004 and currently serves as Vice President of Trust and Custody Operations where he is responsible for leading the trust trading, unitization, CIT and reconciliation teams for the trust company.
Throughout his tenure at Mid Atlantic, Lee has held various positions with the firm. He started in Product Management and was responsible for reconciliation and performance reporting for high net worth clients. In 2009, Lee moved to the trust department where he served as relationship manager for our institutional trust partners. In this role, he worked in a consultative fashion to help our trust partners grow their books of business and streamline their operations. In 2019, Lee was promoted to his current position as Vice President of Trust and Custody Operations.
Lee received his B.A. in Finance/Economics from Robert Morris University and is an Accredited Investment Fiduciary®. He currently holds the Series 99 Operations Professional securities license.
Vice President of Relationship Management & Internal Sales Development
Steve joined Mid Atlantic in 2009 and oversees the Relationship Management team on the Institutional and HNW arm of the Trust as well as the Internal Sales Development team. His teams are responsible for maintaining client relations for new and existing partnerships. Steve grew up in Pittsburgh and has a B.S. in Accounting from The Pennsylvania State University.